WASHINGTON — For members of its large freshman class, the House Financial Services Committee is living up to its reputation as a fund-raising hub.

The 12 first-term lawmakers on the committee — 11 Republicans and one Democrat — raised an average of $535,000 for their reelection campaigns between January and June, according to an American Banker analysis of campaign-finance data. That's 32% more, on average, than other House freshmen added to their coffers. Much of the money came from banks, insurance companies, real estate firms, and others with a stake in the committee's work.

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